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Duo Nine ⚡ YCC Profile picture
@DU09BTC
Mar 1, 2022 • 11 tweets • 7 min read • Read on X
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1/ The value proposition of #Bitcoin just became even more evident to a lot of people.

No wonder #BTC pumped over 30% since the Russian invasion a week ago!

The world it starting to quickly see that Bitcoin is a real solution to very real problems.

Here's why, a thread 👇 Image
2/ The reactions to the war in Ukraine, including the Western sanctions, have highlight one MAJOR shortcoming of the current financial system.

Transactions and bank accounts can be FROZEN overnight and can be almost UNIVERSAL in their reach.

What does that mean? 👇 Image
3/ Such actions impacted regular people, banks, a central bank, oligarchs, the rich in general and so on.

In one word, EVERYONE is at risk of losing ACCESS to their wealth in traditional finance.

Even Switzerland did it, a neutral country.

Examples next 👇 Image
4/ Ukraine closed markets, halted electronic money, limited withdrawals.

Russia introduced capital controls. Visa/MasterCard disabled cards for users.

EU/CH froze 🇷🇺 central bank assets, companies assets and accounts of elite.

This never happened at this scale. What next? 👇 Image
5/ There are some rich people in China, Saudi Arabia and may other places with a LOT of money at similar RISK.

Access and usage of traditional finance has been weaponized now! Oops. 😱

This is just the tip of the iceberg. Where does #Bitcoin fit in? 👇 Image
6/ Politics aside, #Bitcoin solves a very big problem right now:

It provides unrestricted access to a system of payments and store of value that is censor resistant!!!

It allows ANYONE to transact, save and store value as they please.

Pieces are falling together now, no? 👇 Image
7/ This is the MOST BULLISH realization possible for a lot of rich people around the world.

What will they do next? They will get exposure to #Bitcoin, LOTS OF IT.

BILLIONS of exposure. Just in case... 👇 Image
8/ Even more striking, BTC has NOT changed since 2009, but suddenly its features come at a HUGE premium.

No one needed BTC in 2009 to transact, but in a post-2022 world, #BTC just became indispensable!

Plus, since 2009, adoption exploded making BTC a CREDIBLE alternative! 👇 Image
9/ To me, these recent & unfortunate events, just kicked BTC adoption into a higher gear!

Crypto is here to stay and #Bitcoin's future seems set. Deniers and bears lost.

BTC will continue to be volatile, but this is gonna be quite a ride. Enjoy and stay in touch 👇 Image
10/ If you liked this thread, #retweet the first post to get more of this content in the future! 😍

Stay in touch + follow:

Discord: bit.ly/3n2gng0
TradingView: bit.ly/3FUjwHj
YouTube: bit.ly/3p8vPdf
Newsletter: bit.ly/3BuXf13
Here's another example, just that now, it is the billionaires doing it.

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More from @DU09BTC

Duo Nine ⚡ YCC Profile picture
Jul 20
BREAKING: You don't have an exit plan, do you?

The market pumps, Trump gets elected, you're looking at Lambos, but there's one thing missing.

You didn't sell. Here's how to do it with conviction!

A long-ass thread (1/19) 🧵 Image
2/ There are five actions you must take to win at this game:

1⃣ Have an exit plan.

If you don't, you will miss your exit window and end up like the guy in the picture.

Lets explore that next and hit a follow @du09btc to never miss out. Image
3/ That guy didn't sell and his $4 mil paper profits turned into 77k.

I'm here to teach you how to avoid that rookie mistake.

TLDR: Sell whenever it is life-changing!

The long version starts next. Image
Read 19 tweets
Duo Nine ⚡ YCC Profile picture
Apr 9
🚨 There is a hidden war on Solana between big players.

Users have no clue, but the consequence of that are endless failed transactions!

There is only so much space available and the ones with the bigger guns win.

Here's what they don't tell you. A thread (1/10). 🧵 Image
2/ Big players on Solana are at war. How?

They DDOS each other for block space priority.

The victims of this war are Solana users. You can't get your transaction confirmed because big players take up all that space for themselves to come on top.

Here's how they wage war. 👇 Image
3/ A specific Solana wallet can be attacked by spamming it from +100 different bot wallets.

You DDOS it every second with the smallest Solana unit = a Lamport or 0.000000001 SOL!

What happens next will surprise you. 👇 Image
Read 11 tweets
Duo Nine ⚡ YCC Profile picture
Apr 2
🧵 Issuing $100 mil DAI to farm USDe is one thing, issuing billions is asking to get hurt.

Why does MakerDAO plan to risk it and mint $1 bil DAI to farm Ethena yields?

Can DAI depeg when USDe inevitably falls under $1?

A bold move or something else? A thread (1/20). 👇
2/ This post was inspired by AAVE Chan founder @lemiscate who raised the alarm.

TLRD: He's right. MakerDAO actions are reckless and fueled by greed.

But if you take a closer look at the risks for DAI, a new image emerges. 👇

3/ MakerDAO is printing free cash right now, at your expense, of course.

They issued 100 mil DAI which can only be accessed by borrowing it against USDe/sUSDe collateral.

At a HUGE costs for users & mega profits for Maker - 66% APY on 100 mil!

What's really happening here? Image
Read 21 tweets
Duo Nine ⚡ YCC Profile picture
Feb 20
1/ What Ethena has built is impressive & hard. A short 🧵

The reason every big name is on board is the opportunity for profits.

For every perpetual long in crypto, Ethena will be the counterparty farming the ETH funding rates you pay.

A day after launch, USDe TVL is $300 mil Image
2/ Ethena is impressive due to its scale, complexities required and parties involved, but also benefits.

USDe is a synthetic stable 100% backed by a delta neutral ETH position farming yields:

50% stETH (spot), 3-6% APY
50% ETH short position, funding rates <30% APY

Nice eh? Image
3/ Exchanges (DEX & CEX) are happy because of all that liquidity & volume & fees.

USDe stakers (sUSDe) are happy because the yield is real.

USDe users are happy because they have a censorship resistant stable + ETH users see prices go up.

But at what risks? Plenty of that. Image
Read 11 tweets
Duo Nine ⚡ YCC Profile picture
Feb 6
🚨 Are Liquid Staking Tokens (LST) creating a ponzi?

▫️ I stake ETH and get stETH
▫️ I re-stake stETH and get lpETH
▫️ I re-stake lpETH and get xxETH
▫️ ...infinity...

stETH lost its peg vs ETH in the past!

This will turn into a giant crash one day.
Image
Image
You cannot create more value from NOTHING!

Restacking and LST tokens start to sound like ponzinomics to me.

Every cycle of re-stacking is just MORE LEVERAGE on the original asset, i.e. Ethereum!

When the peg WILL be lost, it will be BRUTAL.

Plan for it if you use LST. 100%!
Oh and if you think your ETH is safe in stETH, it's not!

You can lose all your ETH by staking. The risk is real and material.

The bigger this LST bubble gets and the deeper you go in the cycles, the higher your risk of losing it all.

If you value your ETH, don't do LST. 👀
Read 4 tweets
Duo Nine ⚡ YCC Profile picture
Dec 15, 2023
🧵 The best trader in the world is Jim Simons.

Average yearly return of 66% for 30 years. His Medallion Fund is open only to his staff.

His secret? Mechanical trading using computers and gazillions of data to predict the future.

He lived in 2023 back in 1988. But there's more! Image
2/ To join him you need a degree in computer science, mathematics, physics or statistics.

Out of 300 employees, 100 have a PhD in the above. If you're a Wall Street trader you wont be hired.

In the beginning, he failed as a trader using traditional methods. Image
3/ As a math genius, he knew he could build an algo to beat everyone else and remove emotion from trades.

“If we have enough data, I know we can make predictions.”

His algo works best at $10 bil before returns decline.

Their data set grows by more than 40 terabytes a day. Image
Read 11 tweets

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